Note: Descriptions are shown in the official language in which they were submitted.
PATENT APPLICATION
of
Althea, Dyce
fora
NFT for JEWELRY
Date Recue/Date Received 2022-05-16
PATENT APPLICATION
TITLE
NFT for JEWELRY
Copyright Notice
A portion of the disclosure of this patent document contains
material which is subject to copyright protection. The
copyright owner has no objection to the facsimile
reproduction by anyone of the patent disclosure, as it
appears in the Patent and Trademark Office patent files or
records, but otherwise reserves all copyright rights
whatsoever.
BACKGROUND
Field of the Invention:
[0001] The present invention relates generally to a secure communication
protocol for providing block chain and NFT services on a network, and more
particularly, to an application that ensuring the security and authenticity of
NFT which allows the owner of the NFT to use and receive discounts on gold,
silver, platinum, moissanite and all natural diamonds that are made and
created as retail jewelry.
Date Recue/Date Received 2022-05-16
Description of the Related Art:
[0002] A Non-Fungible Token (NFT) is an ownership record stored on a
blockchain (such as the Ethereum blockchain). While digital items, such as
pictures and videos, are the most common assets traded as NFTs, the sale of
physical assets, e.g., postal stamps, gold, diamonds real estate, physical
artwork etc., is also steadily gaining popularity. In the cryptocurrency
world,
an NFT is the equivalent of a conventional proof-of-purchase, such as a paper
invoice or an electronic receipt. Among other things, what make NFTs
attractive are verifiability and trustless transfer. Verifiability means that
sales
are recorded as blockchain transactions, which makes tracking of ownership
possible. In addition, the NFT concept allows for the trading of digital
assets
between two mutually distrusting parties, as both the crypto payment and the
asset transfer happen atomically in a single transaction.
[0003] Utilizing NFTs (Non-Fungible Tokens) as the basis for document
creation and storage means that every submission carries their own unique,
immutable identity. This process applies this concept to grant users access to
a unique decentralized, non-custodial digital market place to users.
[0004] Several NFT marketplaces (NFTMs), e.g., OpenSea, Rarible, and
Axie, emerged in recent years to facilitate buying and selling NFTs. This has
sparked the interest of both crypto art collectors and traders. To put things
into
Date Recue/Date Received 2022-05-16
perspective, OpenSea, the largest NFTM, collected $236MUSD in platform
fees generated out of a trading volume of $3.5B USD in August 2021 alone.
This is around half of the volume generated by the e-commerce giant eBay
during the same period. And the all-time combined trading volume of the top
three NFTMs¨OpenSea, Axie, and CryptoPunks¨surpassed $10B USD in
September 2021. Individual NFT sales have also skyrocketed in recent
months, with nine out of ten of the most expensive sales taking place between
February and August 2021. For example, the media widely reported on the
digital artist Beeple, who sold an art piece for $69.3MUSD; as another
example, the first tweet of Twitter CEO Jack Dorsey was sold for $2.9M USD.
Also, NFTMs have surfaced as the most gas-eating Ethereum contracts. For
example, OpenSea made it to the top of the list of gas-guzzlers in Etherscan,
consuming around 20% of the gas spent by the network.
[0005] As the NFT space exploded with multi-million-dollar sales,
cybercriminals and scammers have inevitably flocked to the markets to make
quick profits and cheat unsuspecting users. As a result, numerous NFT scams
also made recent headlines. There are multiple solutions that have been
presented in prior art regarding effective utilization of NFTs and block chain
technology security in multiple ways. For instance, CN patent 1,073,92608B
discloses a digital asset transaction method based on a blockchain system and
the blockchain system. The block chain system is a tree-shaped distributed
block chain system comprising a plurality of levels of block chains, and the
method comprises the following steps: the first block chain receives a digital
asset transaction request from a client and determines a digital asset
Date Recue/Date Received 2022-05-16
corresponding to the digital asset transaction request; judging whether a home
block chain corresponding to the digital asset is a first block chain; if yes,
the
first blockchain processes the digital asset transaction request; if not, the
first
block chain refuses the digital asset transaction request; wherein, the
attribution block chain corresponding to the digital assets is the block chain
generating the digital assets. This approach is particularly useful for
transactions that use a digital asset at a time, which can only be used once;
in
addition, the method can also realize cross-chain transaction among the
digital
assets, and the digital assets before and after the cross-chain transaction is
executed respectively correspond to different attribution block chains, so
that
the safety of the assets is improved.
[0006] A CN patent 1,086,83630B implies one or more embodiments of the
present specification provide a method and an apparatus for authenticating a
cross-block chain, and an electronic device, which are applied to a cross-
chain
interaction system composed of a subscription client, a publication client,
and
a cross-chain client; wherein the subscribing client corresponds to a first
blockchain; the publishing client corresponds to the second block chain; the
cross-chain client is respectively butted with the subscription client and the
publishing client; the method comprises the following steps: the subscription
client acquires the data on the second blockchain published by the publishing
client through the cross-chain client as an authentication data source;
receiving data to be authenticated from the second blockchain; and
performing data authentication on the data to be authenticated based on the
authentication data source and the data authentication rule configured on the
first block chain.
Date Recue/Date Received 2022-05-16
[0007] US patent 2,017,0132630A 1provides a system operatively connected
with a block chain distributed network and for using the block chain
distributed network for mapping aliases. Embodiments create an alias-token
pair linking an alias associated with a customer to a token associated with an
account owned by the customer; and map the alias-token pair to an address
associated with the customer on a directory services (DS) block chain. In some
cases, the system manages alias-token lifecycle including enabling editing and
deleting the alias-token pair mapped to the address. In some cases, the system
registers the address of the customer with the DS block chain. Such
registering
may include receiving a selection from the customer regarding desired node
for registering the customer address; connecting with the DS block chain; and
creating an account associated with the customer including creating a unique
address associated with the customer and registering it with the DS block
chain.
[0008] US patent 1,074,9865B2 implies Block chain/distributed ledger-based
verification of entity identity or verification of a relationship between two
or
more entities may be provided. Verification addresses may be established on
a block chain/distributed ledger by: associating identifiers and verifiers
with
entities having previously verified entity identities or having previously
verified relationship(s) with other entities, assigning verification addresses
on
a block chain/distributed ledger to the entities, and recording entity
identifier(s), identity verifier data and relationship verifier data
associated
with the entities at corresponding verification addresses. Embodiments for
Date Recue/Date Received 2022-05-16
block chain/distributed ledger-based verification of entity identity and/or
verification of entity's relationship to related entity(is) using the
verification
addresses are performed using one or more identity verifiers and/or one or
more relationship verifiers.
[0009] A US patent 2,017,0302663A1 implies in one embodiment, a device
in a network receives a network registration request from a particular node.
The network registration request comprises information about the particular
node. The device causes performance of a validation of the information about
the particular node via comparison of the information about the particular
node to a distributed block chain that includes information regarding the
particular node and one or more other nodes. The device causes an update to
the block chain based on the information about the particular node and the
validation of the information about the particular node. The device uses the
updated block chain to control behavior of the particular node and the one or
more other nodes.
[0010] A US patent 1,117,1782B2 discloses system and techniques for
identity and electronic signature verification that utilizes blockchain
technology. An enterprise system enables computing devices to engage the
enterprise and prospective users for the purposes of executing a document or
a smart contract. Users may obtain a computer application from an enterprise
system and may utilize the computer application to retrieve a document or
select a smart contract. The identity of all users who execute the document
may be verified based on an authentication by a trusted independent system.
Information related to the respective signers, the document or smart contract,
Date Recue/Date Received 2022-05-16
and the authentication may be stored as transactions in a blockchain. The
transactions may be stored in the blockchain under a user's address, a
document or smart contract address, or a digital wallet, if available.
[0011] US patent 8,543,842B2 provides systems and methods for secure
transaction management and electronic rights protection. Electronic
appliances such as computers equipped in accordance with the present
invention help to ensure that information is accessed and used only in
authorized ways, and maintain the integrity, availability, and/or
confidentiality of the information. Such electronic appliances provide a
distributed virtual distribution environment (VDE) that may enforce a secure
chain of handling and control, for example, to control and/or meter or
otherwise monitor use of electronically stored or disseminated information.
Such a virtual distribution environment may be used to protect rights of
various participants in electronic commerce and other electronic or electronic-
facilitated transactions. Distributed and other operating systems,
environments and architectures, such as, for example, those using tamper-
resistant hardware-based processors, may establish security at each node.
These techniques may be used to support an all-electronic information
distribution, for example, utilizing the "electronic highway."
[0012] A US patent 2,020,0065380A1 implies method, computer system, and
a computer program product for document clearance is provided. The present
invention may include receiving content. The present invention may also
include extracting the received content features. The present invention may
Date Recue/Date Received 2022-05-16
then include determining a level of sensitivity based on the extracted content
features. The present invention may further include identifying an approver
based on the determined level of sensitivity. The present invention may also
include transmitting the content to the identified approver.
[0013] However, these solutions are limited and restricted to their
conventional problems as discussed above. Legitimacy is one of the big issues
with NFTs, as nothing prevents an impostor from "tokenizing" and selling
someone else's art, while the creator remains oblivious of the fraud. With the
current state of affairs, the onus of verifying the token is on the buyer.
Unfortunately, this is not always easy. The current invention aims to provide
a concept of Blockchain technology and related NFTs for an individual which
is non-custodial, decentralized and allows the real user to purchase jewelry
using discounts and at lesser rates. This process provides the real-world use-
case for non-fungible tokens as the basis for authentication and verification
using proof-of-stake blockchain.
[0014] None of the previous inventions and patents, taken either singly or in
combination, is seen to describe the instant invention as claimed. Hence, the
inventor of the present invention proposes to resolve and surmount existent
technical difficulties to eliminate the aforementioned shortcomings of prior
art.
Date Recue/Date Received 2022-05-16
SUMMARY
[0015] In light of the disadvantages of the prior art, the following summary
is
provided to facilitate an understanding of some of the innovative features
unique to the present invention and is not intended to be a full description.
A
full appreciation of the various aspects of the invention can be gained by
taking the entire specification, claims, drawings, and abstract as a whole.
[0016] The primary desirable object of the present invention is to provide a
novel and improved method for securely designed application which ensure
the security and authenticity of NFT and an individual related with NFT in a
block chain technology.
[0017] It is also the primary objective of the invention to provide a smart
methodology directed to devices, systems and methods for facilitating non-
custodial, decentralized platform allowing the NFT owner to purchase the
jewelry and receive discounts and special pricing.
[0018] It is another objective of the invention to provide a system providing
real-world use-case for non-fungible tokens as the basis for NFT
authentication, verification and electronic signature verification using proof-
of-state blockchain.
[0019] It is also the object of the invention to provide an advance system
which provides a secure environment and offers discounts for retail jewelry
or jewelry manufacturer work costs.
Date Recue/Date Received 2022-05-16
[0020] Other aspects, advantages and novel features of the present invention
will become apparent from the detailed description of the invention when
considered in conjunction with the accompanying drawings.
[0021] This Summary is provided merely for purposes of summarizing some
example embodiments, so as to provide a basic understanding of some aspects
of the subject matter described herein. Accordingly, it will be appreciated
that
the above-described features are merely examples and should not be construed
to narrow the scope or spirit of the subject matter described herein in any
way.
Other features, aspects, and advantages of the subject matter described herein
will become apparent from the following Detailed Description, Figures, and
Claims.
Date Recue/Date Received 2022-05-16
BRIEF DESCRIPTION OF THE DRAWINGS
[0022] The accompanying figures, where like reference numerals refer to
identical or functionally similar elements throughout the separate views,
together with the detailed description below, are incorporated in and form
part
of the specification, and serve to further illustrate embodiments of concepts
that include the claimed invention and explain various principles and
advantages of those embodiments.
[0023] Fig 1 shows the process flow of system as per preferred embodiments
of the invention.
[0024] Skilled artisans will appreciate that elements in the figures are
illustrated for simplicity and clarity and have not necessarily been drawn to
scale. For example, the dimensions of some of the elements in the figures may
be exaggerated relative to other elements to help to improve understanding of
embodiments of the present invention.
[0025] The apparatus and method components have been represented where
appropriate by conventional symbols in the drawings, showing only those
specific details that are pertinent to understanding the embodiments of the
present invention so as not to obscure the disclosure with details that will
be
readily apparent to those of ordinary skill in the art having the benefit of
the
description herein.
Date Recue/Date Received 2022-05-16
DETAILED DESCRIPTION
[0026] Detailed descriptions of the preferred embodiment are provided herein.
It is to be understood, however, that the present invention may be embodied
in various forms. Therefore, specific details disclosed herein are not to be
interpreted as limiting, but rather as a basis for the claims and as a
representative basis for teaching one skilled in the art to employ the present
invention in virtually any appropriately detailed system, structure or manner.
[0027] The terminology used herein is for the purpose of describing particular
embodiments only and is not intended to be limiting of the invention. As used
herein, the term "and/or" includes any and all combinations of one or more of
the associated listed items. As used herein, the singular forms "a," "an," and
"the" are intended to include the plural forms as well as the singular forms,
unless the context clearly indicates otherwise. It will be further understood
that the terms "comprises" and/or "comprising," when used in this
specification, specify the presence of stated features, steps, operations,
elements, and/or components, but do not preclude the presence or addition of
one or more other features, steps, operations, elements, components, and/or
groups thereof.
[0028] The present invention is directed to an advanced platform allowing the
owner of NFT to use the discounts on gold, silver, platinum, moissanite (lab
made diamonds), all natural diamonds that are made and created as retail
jewelry. An NFT owner can use this NFT to buy retail jewelry at a lesser
cost at partnering jewelry retail stores.
Date Recue/Date Received 2022-05-16
[0029] NFTs are often used to sell digital collectibles and artwork, e.g.,
images, audio files, and videos. The users in the NFT ecosystem belong to one
of three categories: content creator, seller, and buyer. First, the creators
create
digital content and upload it to hosting services (an external entity) to make
the art publicly available. When it comes to selling the content, some
creators
are not technical enough to turn their art into an NFT, and put it as a token
on
the blockchain. Therefore, they authorize sellers to mint NFTs and offer it on
marketplaces. In other cases, a content creator is also taking the role of the
seller. Once listed on a marketplace, buyers can buy the artwork at a listed
price, make offers, or place bids. If their offer is accepted or they win an
auction, the NFT is transferred by invoking the transfer from 0 API from the
seller to the buyer to reflect the change in ownership. This method of
transferring data provides enhanced security as compared to hand written or
electronic signatures.
[0030] The system as per its preferred embodiments provides a method for a
decentralized application that ensures the security and authenticity of NFT.
[0031] The technology as per its additional embodiments also proposes an
electronic device for the implementation of system including:
a processor;
a memory for storing machine executable instructions;
wherein, by reading and executing machine-executable instructions stored by
the memory corresponding to control logic based on authentication of a
blockchain across blockchains. In some embodiments, the processing device
Date Recue/Date Received 2022-05-16
is configured to execute computer-readable program code further to manage
NFT.
[0032] The technology as per its additional embodiments allows a platform
where each created NFT can only be used once. Once used, the seller or
retailer inputs the customers /NFT owner's NFT serial number into the
database which will then be no longer valid, as the NFT has since then been
used upon the sale. This NFT collection will have a series of NFT's that will
offer up to 70% discount. Each NFT will be designed differently to
differentiate one NFT's from the other.
[0033] The fig 1 discloses the working of system where NFT for digital object
is minted and Historical ownership data is attached. The NFT is lifted for
collection for sale on Marketplace. The system presents option to buyers to
purchase NFT with Crypto credit and the buyer owns NFT the digital art and
the encrypted QR code (QR Code is accompanied with digital Art). After this
owner of NFT can receive discount from a retail jewelry store, or jewelry
manufacturer which can be including but not limited to diamond setter, gold
caster, bench jeweler and are listed partner on our website. The retailer
verifies
accompanied QR code through the application and once verified successfully,
discount is applied. The Customer/NFT Owner agrees by signing in App to
agreements, terms and conditions and the
Jewelry
Retailer/manufacturer/partner gives discount by approving the sale with their
App Vendor ID (pin number).
[0034] While a specific embodiment has been shown and described, many
variations are possible. With time, additional features may be employed. The
Date Recue/Date Received 2022-05-16
particular shape or configuration of the platform or the interior
configuration
may be changed to suit the system or equipment with which it is used.
[0035] Having described the invention in detail, those skilled in the art will
appreciate that modifications may be made to the invention without departing
from its spirit. Therefore, it is not intended that the scope of the invention
be
limited to the specific embodiment illustrated and described. Rather, it is
intended that the scope of this invention be determined by the appended claims
and their equivalents.
[0036] The Abstract of the Disclosure is provided to allow the reader to
quickly ascertain the nature of the technical disclosure. It is submitted with
the understanding that it will not be used to interpret or limit the scope or
meaning of the claims. In addition, in the foregoing Detailed Description, it
can be seen that various features are grouped together in various embodiments
for the purpose of streamlining the disclosure. This method of disclosure is
not to be interpreted as reflecting an intention that the claimed embodiments
require more features than are expressly recited in each claim. Rather, as the
following claims reflect, inventive subject matter lies in less than all
features
of a single disclosed embodiment. Thus, the following claims are hereby
incorporated into the Detailed Description, with each claim standing on its
own as a separately claimed subject matter.
Date Recue/Date Received 2022-05-16
